Louisiana-Pacific Corp. (NYSE:LPX) gapped up before the market opened on Thursday . The stock had previously closed at $20.40, but opened at $20.42. Louisiana-Pacific Corp. shares last traded at $20.51, with a volume of 818,735 shares traded.

Several brokerages have recently commented on LPX. Dundee Securities raised Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, June 1st. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $18.44.

The stock has a 50-day moving average of $17.95 and a 200 day moving average of $16.94. The company’s market capitalization is $2.92 billion.

Louisiana-Pacific Corp. (NYSE:LPX) last released its quarterly earnings data on Monday, May 9th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.75. During the same quarter last year, the company earned ($0.13) EPS. The business had revenue of $504.60 million for the quarter, compared to analyst estimates of $513.81 million. Louisiana-Pacific Corp.’s revenue was up 7.1% compared to the same quarter last year. Analysts predict that Louisiana-Pacific Corp. will post $0.69 earnings per share for the current fiscal year.

In other Louisiana-Pacific Corp. news, Director Colin D. Watson sold 14,845 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $18.58, for a total value of $275,820.10. Following the sale, the director now owns 19,562 shares in the company, valued at $363,461.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Curtis M. Stevens sold 116,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $18.49, for a total transaction of $2,146,689.00. Following the completion of the sale, the chief executive officer now owns 359,418 shares in the company, valued at approximately $6,645,638.82. The disclosure for this sale can be found here.

Other large investors have recently made changes to their positions in the company. Jennison Associates LLC raised its stake in shares of Louisiana-Pacific Corp. by 14.7% in the fourth quarter. Jennison Associates LLC now owns 2,023,609 shares of the company’s stock valued at $36,445,000 after buying an additional 259,613 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Louisiana-Pacific Corp. by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 447,809 shares of the company’s stock valued at $8,065,000 after buying an additional 12,583 shares during the last quarter. South Dakota Investment Council raised its stake in shares of Louisiana-Pacific Corp. by 16.8% in the fourth quarter. South Dakota Investment Council now owns 167,200 shares of the company’s stock valued at $3,011,000 after buying an additional 24,000 shares during the last quarter. Comerica Bank raised its stake in shares of Louisiana-Pacific Corp. by 1.5% in the fourth quarter. Comerica Bank now owns 108,838 shares of the company’s stock valued at $1,801,000 after buying an additional 1,655 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Louisiana-Pacific Corp. by 8.4% in the fourth quarter. California Public Employees Retirement System now owns 386,900 shares of the company’s stock valued at $6,968,000 after buying an additional 30,100 shares during the last quarter.

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

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